Stock analysis is used by traders to make buy and sell call. It’s an approach to make informed decisions while investing in stocks. Stock analysis can be categorised into – fundamental analysis and technical analysis. Fundamental analysis is evaluation of data from sources, including financial records, economic reports, company assets, and market share. Analysts typically study the company’s financial statements – balance sheet, income statement, cash flow statement, and footnotes. These statements are made available to the investors in the form of quarterly earnings, disclosures to stock exchanges in compliance with the Securities and Exchange Board of India (Sebi) norms. In fundamental analysis, the analysts particularly check for a company's core income, income from other sources, profitability, guidance, assets and liabilities and debt ratio among other parameters. The other method, i.e. the technical analysis focuses purely on statistical data. It works on two assumptions; one, the stock price reflects the fundamentals. Second, the study of past and present movement in prices can help determine the future price trends. Technical analysis primarily deals with price, volume, demand and supply factors. This method is effective only when supply and demand forces influence the market. However, when outside factors are involved in a price movement, technical analysis may not be successful. More
Nooresh Merani of Analyse India recommends exiting Tech Mahindra on bounce.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may sell Strides Arcolab with a target of Rs 1088.
Mithil Pradhan of Violet Arc Global Managers is of the view that DLF may test Rs 98 and Tech Mahindra may hit Rs 502.
Sudarshan Sukhani of s2analytics.com recommends buying UltraTech Cement and Tech Mahindra and advises selling Union Bank of India.
Sudarshan Sukhani of s2analytics.com recommends selling TVS Motor Company and Castrol India and advises buying Tech Mahindra.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - Bharti Infratel, Punj Lloyd, Gail, Astec Life, Godrej, Escorts, Tech Mahindra, TCS, Infosys and Wipro.
Mithil Pradhan of Violet Arc Global Managers is of the view that one can short Tech Mahindra with a target of Rs 465.
Sudarshan Sukhani of s2analytics.com recommends buying Tech Mahindra and expect significant gains in it.
Sudarshan Sukhani of s2analytics.com recommends buying Tech Mahindra as the stock may break out of resistance.
Manas Jaiswal of manasjaiswal.com recommends buying Zee Entertainment for a target of Rs 430 and Motherson Sumi Systems for a target of Rs 366.
Nischal Maheshwari of Edelweiss Securities is of the view that HCL Technologies may rise by 10-12 percent in next 9-12 months.
Sudarshan Sukhani of s2analytics.com is of the view that ICICI Bank and Tech Mahindra are opportunites for long term.
According to Nooresh Merani of Analyse India, one may hold Tech Mahindra.
Gaurang Shah, VP at Geojit BNP Paribas Financial Services has reduced the target of Tech Mahindra to about Rs 560.
Mayuresh Joshi of Angel Broking is of the view that Tech Mahindra will give an opportunity for long term if the EBITDA declines.
Sudarshan Sukhani of s2analytics.com recommends exiting Rolta India and feels that there are opportunities in IT sector including Infosys, Tata Consultancy Services and Tech Mahindra.
Gaurang Shah of Geojit BNP Paribas Financial Services advises exiting Persistent Systems and prefer Mindtree and Tech Mahindra.
Kawaljeet Saluja, executive director & head of research at Kotak Institutional Equities recommends buying Tech Mahindra at the current level.
Sahil Kapoor of Edelweiss Financial Services is of the view that one may short Tech Mahindra for target of Rs 485.
Mayuresh Joshi of Angel Broking feels that Tech Mahindra may go to Rs 646.
According to Hemen Kapadia of KR Choksey Securities, one may hold Tech Mahindra with long term view.
Siddarth Bhamre of Angel Broking recommends going long in Tech Mahindra as the stock may bounce to Rs 501.
According to Harendra Kumar of Elara Capital, one can accumulate Tech Mahindra at lower levels.
According to Nilesh Shah of Kotak Mahindra Mutual Fund, Tata Motors and Tech Mahindra will provide an opportunity to buy over the next couple of months.
According to Nilesh Shah of Kotak Mahindra Mutual Fund, one may look at IT space.